GLP denies takeover talks

Talks on possible takeover came after its shares jumped.

Global Logistic Properties announced that it is not in talks regarding the possible takeover by an investor group, as Bloomberg reported.

"The Company wishes to advise that it is not in discussions with the above referenced investor group at this time. The company remains committed to enhancing shareholder value and continues to review and assess potential opportunities," GLP noted.

It made the announcement after its shares jumped and it was queried by the Singapore Exchange.

"The Company is not aware of any information which might explain the unusual price movements in the shares of the Company today, other than the abovementioned Bloomberg report," the group said.

Quoting people with knowledge of the matter, Bloomberg reported that China Investment Corp., Hopu Investment Management and Hillhouse Capital Management have held talks about making a joint offer for Singapore-based GLP.

"The suitors have reached out to potential partners to weigh their interest in joining the consortium, one of the people said, asking not to be identified because the information is private," the report noted.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia